I think the market is way ahead of you on this score, pal, but whatever…
Rosengren, president of the Boston Fed also says that much of the US economy is in the early stages of recovery.
The market has looked well beyond the early stages and is now becoming concerned that government over-regulation could chill the run-up in financial markets. Banks are especially vulnerable amid Europe’s move to break up ING and legislation moving through the House that will give the US the ability to wind down banks formerly thought of as “too-big-too-fail”.
